Retail Pharmacy Opposes Medicaid Reimbursement Rule

Retail associations spoke out this week in opposition to the July 6 release of the new Medicaid drug reimbursement formula.

Jul 11, 2007

WASHINGTON — Retail associations spoke out this week in opposition to the July 6 release of the new Medicaid drug reimbursement formula. “This final rule issued by the Centers for Medicare and Medicaid Services is simply unacceptable for community pharmacy and the patients we serve,” said Steven C. Anderson, president and chief executive officer of the National Association of Chain Drug Stores, Alexandria, Va. The formula, starting in October, will be based on the Average Manufacturer Price o